A Director at Boot Barn is Exercising Options

Today, a Director at Boot Barn, Peter Starrett, exercised options of Boot Barn (NYSE: BOOT) for $3.49M.

Following Peter Starrett’s last BOOT Sell transaction on January 19, 2018, the stock climbed by 5.1%. In addition to Peter Starrett, 2 other BOOT executives reported Sell trades in the last month.

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Based on Boot Barn’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $171 million and quarterly net profit of $6.86 million. In comparison, last year the company earned revenue of $163 million and had a net profit of $2.59 million. BOOT’s market cap is $638.8M and the company has a P/E ratio of 22.5. Currently, Boot Barn has an average volume of 1.41M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $26.17, reflecting a -8.9% downside.

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Boot Barn Holdings, Inc. engages in the operation of retail chain stores of western and work-related footwear, apparel, and accessories. The company’s products include boots, jeans, accessories, hats, gifts and home products, and work wear.